Is Oregon, IL 61061 a buyer’s or seller’s market?

The Oregon housing market right now

In the three months ending August 31, 2026, 33% of homes in Oregon, IL 61061 sold above their list price, the typical home went under contract in 15 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 37%, homes sold about as fast and the median sale price rose 1% to $219,905. Overall, Oregon is less competitive than a year ago, which gives buyers more room.

Within Ogle County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Oregon ranks #153 of 464 IL ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Lindenwood 61049 (0% sold over asking) or Esmond 60129 (0% sold over asking), while Mount Morris 61054 (55% sold over asking) and Byron 61010 (47% sold over asking) are even more competitive.